IRS Offers Deal
To Shelter Investors

The Internal Revenue Service is making an unusual offer to thousands of wealthy people and companies in an effort to wrap up a high-stakes battle in its long-running war on tax shelters.

Taxpayers who invested in a particularly abusive shelter known as "Son of BOSS," which involved creating large losses in order to slash taxes, will have until June 21 to accept a "settlement initiative," the IRS said. In essence,...